Banksia Beach, Qld
Moreton Bay (R)
3
1
1
house
First listed on 21/08/2024
Current Asking Price
Target Purchase Price:$585,000
Market Appraised Value
High Confidence
Market Appraised Rent
Cash Required
Leon and Tom .
3%
67.2%
$790K
4.8%
$0
-$7,662
5.3%
4.1%
-7.8%
6.0%
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2016 Population
Suburbs
Health Care and Social Assistance - 15.0%
Retail Trade - 14.0%
Education and Training - 11.0%
Construction - 10.0%
Others - 50.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price
Asking Price
$649,000
Estimated Purchase Price
$600,000
Stamp Duty
$20,025
Transfer Fee
$1,994
Conveyancing
$1,665
Deposit (10%)
$60,000
Reg. Mortgage
$224
LMI Premium
$16,942
Renovation Costs
$0
Total Cash/Equity Required
$101,401
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$30,940
$44,037
Property Management
+7.7% PA
$2,382
$3,391
Rates
+3.0% PA
$1,103
$1,439
Water
+3.0% PA
$1,401
$1,828
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$23,804
$34,444
Interest Repayments
$35,640
$35,640
Net Cashflow Before Tax
-$11,836
-$1,196
Depreciation
$0
$0
Tax Offset
-$3,551
-$359
Net Cashflow After Tax
-$8,285
-$838
Assumptions
Year 1
Year 10
Property Value
6.8%
$640,800
$1,158,414
Loan Balance
I.O
$540,000
$540,000
$100,800
$618,414
This image shows a well-maintained living area with tiled flooring, a ceiling fan, and large windows. The area exudes a modern and clean aesthetic, with natural light enhancing the living space. No renovation is needed as the condition is very good.
The living area appears to be in very good condition. It is well-lit with large windows allowing natural light, and is equipped with a ceiling fan for good air circulation. The tiled flooring seems well-maintained and modern.
Ceiling fans, Tile flooring, Large windows for natural light